USD/JPY: Downside pressure persists 6/2/2025

The USD/JPY pair declined after encountering resistance at 154.50, forcing a downward move to 151.81.

Technical Outlook:

• The break of 152.60 suggests continued selling pressure.
• The 50-day SMA acts as a negative catalyst for further downside.
• A bearish double top pattern reinforces the bearish bias.

Key Levels to Watch:

• Bearish Scenario:
  • Sustained trading below 153.70 could push the pair toward 151.10.
• Bullish Scenario:
  • A break above 153.70 may invalidate the bearish outlook, with recovery toward 154.50 possible.

Market Risks & Considerations:

• Geopolitical risks and U.S. economic data could trigger unexpected volatility.
• Bank of Japan’s stance on currency intervention remains a key factor.

⚠ Risk Warning: High uncertainty prevails, and rapid price fluctuations are possible.

Disclaimer: Trading in CFDs carries inherent risks. The analysis provided herein is not a recommendation to buy or sell, but rather an interpretation of the current price movement on the chart.

S1: 151.25	R1: 153.90
S2: 150.20	R2: 155.50
S3: 148.60	R3: 156.50